Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated active pharmaceutical ingredients (APIs) where the fluorine atom enhances metabolic stability and bioavailability. Its structure supports the creation of more potent and selective drug candidates, especially in central nervous system agents and anti-inflammatory compounds. Also utilized in agrochemicals for the production of herbicides and fungicides due to improved lipophilicity and resistance profile imparted by the fluorine moiety. Commonly employed in research settings for labeling and derivatization reactions owing to its reactive alcohol group and fluorine handle for spectroscopic tracking.